FIRST AIRED: September 19, 2018

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Transcript

00:00:01
>> President Trump's hard-line tactics on trade with China putting a million jobs on the line. China's richest man, Jack Ma, telling Chinese state-owned news agency Xinhua, America can kiss his pledge to create a million jobs in the US goodbye. A promise Ma made before Trump even moved into the White House
00:00:22
>> We will create, you know supporting one million small business, especially in the Midwest of America. According to a translation, Ma, the billionaire founder of Chinese e-commerce giant Alibaba, said Wednesday, quote, the promise was made on the premise of friendly U.S.-China partnership and rational trade relations. That premise no longer exists today, so our promise cannot be fulfilled.
00:00:49
Washington and Beijing are locked in an all out trade war which escalated this week, when the U.S. slapped tariffs on an addition $200 billion worth of Chinese made goods. And China retaliated with penalties on another $60 billion of U.S. imports. Reuters' Breaking News Editor, Peter Henderson.>> The whole premise of Ma's promise was that small businesses in the US would be able to sell to China.
00:01:16
But now with tariffs on both sides, it's gonna be a lot harder for either side to sell goods. And that includes the small businesses that were supposed to be able to grow their market by selling stuff to Chinese citizens. Ma also said that Alibaba would go ahead in other markets with expanding.
00:01:34
So you can expect Alibaba to keep pushing around the world, even if it has trouble in the US.>> Ma is the highest profile Chinese businessman to speak out. He called the trade war a mess that could last for two decades. And says China's businesses will shift operations to other countries in order to avoid the tariffs and keep on selling to the US.